https://www.taxtmi.com/caselaws?id=241535 The High Court dismissed the Income Tax Appeal, as it held that the assessee had successfully discharged the burden of proving the genuineness of unsecured loans. The Court found that the confirmation from creditors and submission of necessary documentation established the nature and source of the credit. Additionally, the Court determined that the disputes regarding the cost of construction, including supervision charges and architect fees, were factual issues already considered by the lower authorities and did not raise any legal questions for adjudication. en-us Tue, 24 Jul 2012 00:00:00 +0530 Thu, 26 Dec 2013 08:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241535 The High Court dismissed the Income Tax Appeal, as it held that the assessee had successfully discharged the burden of proving the genuineness of unsecured loans. The Court found that the confirmation from creditors and submission of necessary documentation established the nature and source of the credit. Additionally, the Court determined that the disputes regarding the cost of construction, including supervision charges and architect fees, were factual issues already considered by the lower authorities and did not raise any legal questions for adjudication. Case-Laws Income Tax Tue, 24 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241535